convert_raw_price_to_usd

Documentation for eth_defi.gmx.utils.convert_raw_price_to_usd function.

convert_raw_price_to_usd(raw_price, token_decimals)

Convert GMX raw price to human-readable USD.

GMX stores prices in 30-decimal PRECISION format. The conversion formula is:

price_usd = raw_price / 10^(30 - token_decimals)

- BTC (8 decimals): raw / 10^22
- ETH (18 decimals): raw / 10^12
- USDC (6 decimals): raw / 10^24

Parameters

• raw_price (Union[int, float]) – Raw price value from GMX (30-decimal format)

• token_decimals (int) – Number of decimals for the token (e.g., 8 for BTC, 18 for ETH)

Returns

Price in USD

Return type

float